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Please solve carefully. And add details thank you for your support! Assume the price of apples increase from $20 to $25 and the quantity demanded

Please solve carefully. And add details thank you for your support!

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Assume the price of apples increase from $20 to $25 and the quantity demanded falls from 10 to 5 tons o 1. Use the total revenue test to determine if the demand is relatively elastic or relatively inelastic.~ 2. Calculate the price elasticity of demanded 3. Calculate the PES if the change in price caused quantity supplied to increase from 10 to 25 tons

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